05011 Abstracts Collection -- Computing and Markets

From 03.01.05 to 07.01.05, the Dagstuhl Seminar 05011``Computing and Markets\u27\u27 was held in the International Conference and Research Center (IBFI), Schloss Dagstuhl. During the seminar, several participants presented their current research, and ongoing work and open problems were discussed. Abstracts of the presentations given during the seminar as well as abstracts of seminar results and ideas are put together in this paper. The first section describes the seminar topics and goals in general. Links to extended abstracts or full papers are provided, if available

Networks, law, and the paradox of cooperation

There is a tension between libertarians’ optimism about private supply of public goods and skepticism of the viability of voluntary collusion (Cowen 1992, Cowen and Sutter 1999). Playing off this asymmetry, Cowen (1992) advances the novel argument that the “free market in defense services” favored by anarcho-capitalists is a network industry where collusion is especially feasible. The current article dissolves Cowen’s asymmetry, showing that he fails to distinguish between self-enforcing and non-self-enforcing interaction. Case study evidence on network behavior before and after antitrust supports our analysis. Furthermore, libertarians’ joint beliefs on public goods and collusion are, contrary to Cowen and Sutter (1999), theoretically defensible

Inefficiencies in Networked Markets

In many markets, relationship specific investments are necessary for trade. These formed relationships constitute a networked market in which not all buyers can trade with all sellers. We show that networked markets can be decomposed to identify how alternative trading opportunities affect who trades with whom and at what price. This uncovers agents' incentives to invest in relationships. Investment inefficiencies can eliminate all the gains from trade, but for reasons that differ depending on how investments are made. Three applications are considered in detail: high-skill labor markets, merger markets when industries are consolidating, and the international market for natural gas. (JEL C78, D85, D86) </jats:p

From Socialism to Open Cooperativism: Convergences and Divergences in the Work of Castoriadis, Olin Wright and Bauwens

This article attempts at integrating core socialist elements analyzed through the prism of Castoriadis s and Wright s work into a model of open cooperativism between Commons-based peer production ethical market entities and a partner state introduced by Bauwens and Kostakis It concludes with a critical appraisal of Bauwens and Kostakis s mode

Whole Foods: Renewable Energy Credits, Green Business, and Capitalist Approaches to Climate Change

Dedication. Acknowledgements. Preface. Chapter 1: Introduction. Chapter 2: Green Business and Carbon Offsetting. Chapter 3A: Case Study. Chapter 3B: Interview. Chapter 4: Case Study. Chapter 5: Conclusion. Bibliography